Techmeme
October 28, 2022, 12:20 PM

Top News

Washington Post:
Elon Musk takes over Twitter and fires several top executives, including CEO Parag Agrawal, CFO Ned Segal, and policy head Vijaya Gadde  —  Musk's $44 billion deal to acquire the social media company closed on Thursday night  — Elon Musk became Twitter's owner late Thursday …
More: Wall Street Journal, Reuters, Bloomberg, TechCrunch, The Verge, New York Times, Reuters, Insider, Bloomberg, Reuters, Bloomberg, CNN, TheStreet, CNN, The Hill, Insider, Bloomberg, Club386, The Economic Times, Bloomberg, Thurrott, Livemint, Decrypt, New York Times, The Irish Times, Axios, Associated Press, The Atlantic, CoinDesk, Washington Post, Axios, MobileSyrup, BuzzFeed News, Fortune, Global Nerdy, Metaverse Post, Android Central, SlashGear, KnowTechie, Forbes, Social Signals, The Addition, CoinGape, BBC, CNBC, Financial Times, Wired UK, TheGamer, Wired, Neowin, CNBC, Insider, New York Post, Tech.co, USA Today, New York Times, Watcher Guru, Blockworks, Coinspeaker, Protos, Bitcoinist.com, Firstpost Tech, Pocket-lint, CryptoPotato, BGR India, Silicon Republic, International Business Times, Broadband TV News, MacRumors, TechCrunch, and Ethereum World News
Nilay Patel / The Verge:
“Welcome to hell, Elon”: Musk won't be able to grow Twitter users and revenue without compromises and realizing that content moderation is the main product  —  You break it, you buy it. … Twitter is a disaster clown car company that is successful despite itself …
Bloomberg:
Source: Elon Musk plans to become Twitter CEO, but may cede the role, and reverse lifetime bans, including eventually for Donald Trump  —  Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition, taking the helm …
Kate Conger / New York Times:
Elon Musk takes Twitter private, merging the company with X Holdings, delisting from NYSE, dissolving the board, and moving to cash-based employee compensation  —  The social media company went public in 2013.  But Elon Musk is taking it private as part of his acquisition of the firm.
Todd Spangler / Variety:
Anders Melin / Bloomberg:
Bloomberg:
Apple:
Apple reports record Q4 revenue up 8% YoY to $90.1B, net income up 1% YoY to $20.7B, and annual revenue up 8% YoY to $394.3B; stock is up 6%+  —  September quarter record for Revenue and EPS  —  Active installed base of devices reaches all-time high for all major product categories
Kif Leswing / CNBC:
Apple Q4 revenue: iPhone up 9.67% YoY to $42.63B, iPad down 13.06% YoY to $7.17B, Other Products up 9.85% YoY to $9.65B, and Services up 4.98% YoY to $19.19B  —  - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
Amazon:
Amazon reports Q3 revenue up 15% YoY to $127.1B, net income down 9% YoY to $2.9B, and AWS revenue up 27% YoY to $20.5B; the stock drops 10%+ on weak Q4 guidance  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2022.
Michael Potuck / 9to5Mac:
Apple says it has awarded researchers ~$20M total, including 20 rewards of $100K+ each for high-impact issues, since opening its bug bounty in December 2019  —  Along with announcing its new Lockdown Mode feature this past summer, the company mentioned an upgraded bounty program, a donation to fund ethical security research, and more.
Sarah Perez / TechCrunch:
Responding to user feedback, YouTube splits video content into three tabs on channel pages: Videos, Shorts, and Live  —  YouTube is rolling out a change impacting how videos appear on its platform.  The company today announced a redesign that now splits video content into three different tabs …
TechCrunch:
Sources: Xiaomi quietly discontinues its Mi Pay and Mi Credit financial services apps in India after three years  —  Xiaomi has quietly discontinued its financial services in India, less than three years after launching payment and lending apps in the key global market …
More: Neowin and BGR India

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Ari Levy / CNBC: